South Dakota § 58-29B-138 Director's application to liquidate assets of foreign or alien insurer--Grounds.

South Dakota Statutes

§ 58-29B-138 — Director's application to liquidate assets of foreign or alien insurer--Grounds.

South Dakota § 58-29B-138

Title 58INSURANCE

Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

This text of South Dakota § 58-29B-138 (Director's application to liquidate assets of foreign or alien insurer--Grounds.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-29B-138 (2026).

Text

If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds:

(1)Any of the grounds in § 58-29B-31 or 58-29B-41 ; or (2) Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.

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If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds: (1) Any of the grounds in § 58-29B-31 or 58-29B-41 ; or (2) Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.